ANNUAL REPORT - Paralympics New Zealand · New Zealand PyeongChang 2018 Paralympic Winter Games...

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ANNUAL REPORT AND FINANCIAL STATEMENTS 2018

Transcript of ANNUAL REPORT - Paralympics New Zealand · New Zealand PyeongChang 2018 Paralympic Winter Games...

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ANNUAL REPORT AND FINANCIAL STATEMENTS 2018

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2 Officers and Officials

4 Chair's Report

6 Chief Executive’s Report

8 Commercial and Marketing Report

10 High Performance Report

12 High Performance Athlete Development Report

13 Community Development Report

14 Classification Report

16 PyeongChang 2018 Paralympic Winter Games

20 Future Paralympic Games

22 Cyril Smith Legacy Fund Recipients

24 New Zealand Paralympians from 1968 to 2018

31 Financial Report

32 Directory and Statement of Compliance & Responsibility

33 Statement of Comprehensive Revenue & Expenses

34 Statement of Changes and Net Assets

35 Statement of Financial Position

36 Cash Flow Statement

37 Notes to the accounts

47 Independent Auditors Report

CONTENTS

Photo Credit: Getty Images

New Zealand PyeongChang 2018 Paralympic Winter Games Team Opening Ceremony

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PNZ PATRON Her Excellency The Right Honourable Dame Patsy Reddy

PNZ BOARD Dr. Selwyn Maister QSM (Chair)

Mr. Clive Power Mrs. Jane Cotter

Mr. Duane Kale, ONZM Ms. Catriona McBean Mr. Andre Lubbe (from September 2017)

Ms. Paula Tesoriero, MNZM Ms. Jana Rangooni

PNZ STAFF Ms. Fiona Allan, ONZM Chief Executive

Miss. Wendy Oswald Executive Assistant (until September 2017)

Mrs. Caroline White Financial Controller (until November 2018)

Mr. Malcolm Humm High Performance Director

Ms. Lynette Grace Games Campaign and Sports Manager

Ms. Rachel Froggatt Commercial and Marketing Director (until October 2018)

Ms. Jenifer Hunt Commercial Manager (from October 2018)

Ms. Sarah Dance Commercial Fundraising Manager (until August 2017)

Mr. Ian Sargeant Commercial Partnerships Manager (until August 2018)

Mrs. Melissa Dawson Communications Manager (until August 2018) Brand and Communications Manager (from September 2018)

Ms. Laure Gruffat Events and Digital Coordinator (from August 2018)

Dr. Melissa Wilson Para Sport High Performance Athlete Development Manager

Mr. Kieran Wall Para Sport Community Development Manager (until December 2018)

Mrs. Marguerite Christophers Classification Manager

Dr. Sian Allan Para Sport Performance Intelligence Manager (until November 2017)

Dr. Rod Corban Performance Psychologist (from July 2018)

PARA CYCLING /SHOOTING PARA SPORT

Mr. Marty Croy Programme Manager – Para Cycling and Shooting Para Sport

Mr. Stuart McDonald Para Cycling Head Performance Coach

Ms. Laura Thompson Para Cycling National Development Coordinator

Dr. Damian Wiseman Para Cycling Hub Coach and Sports Scientist (from July 2018)

PARA SWIMMING

Dr. Graeme Maw Para Swimming Programme Leader

Mr. Gary Francis Para Swimming National Development Coach (until January 2018)

Mr. Roly Crichton Para Swimming Performance Coach

Mr. Simon Mayne Para Swimming Performance Coach

Mr. Daniel Bell Para Swimming Interim Performance Coach (until December 2018)

Mr. Aiden Withington Para Swimming Performance Coach (until November 2018)

OFFICERS & OFFICIALS

MEMBERS

National Sports Organisations:

Archery New Zealand

Athletics New Zealand

Badminton New Zealand

Boccia New Zealand

Bowls New Zealand

Goalball New Zealand

New Zealand Canoe Federation

New Zealand Shooting Federation

New Zealand Wheelchair Rugby

New Zealand Wheelchair Tennis

Rowing New Zealand

Snow Sports New Zealand

Swimming New Zealand

Table Tennis New Zealand

Triathlon New Zealand

Yachting New Zealand

MEMBERS

Parafed:

ParaFed Auckland

Parafed Bay of Plenty

ParaFed Canterbury

Parafed Gisborne Tairawhiti

ParaFed Northland

ParaFed Otago

ParaFed Taranaki

ParaFed Waikato

ParaFed Wellington

Associate:

Blind Sport New Zealand

Powerlifting New Zealand

ParaFed Southland

PNZ Order of Merit:

Mr. J L McKie Mr. P Humphreys Mr. W F L Utley, OBE (deceased)

Mr. J L H Savage, OBE Mr. D Kale, ONZM Mr. H J Pow (deceased)

Mrs. K Condon Mr. T James Mr. P Holmes, CNZM (deceased)

Mr. C Power Mr. R Crichton, ONZM Mr. R Hynds (deceased)

Mr. S Rodgers Mr. P Martin Mr. A R Guthrey, OBE (deceased)

Mr. D Currie, CNZM Ms. S. Pascoe, MNZM Mr. G Condon, QSM (deceased)

Mr. D Hill Mr. I Campbell (deceased) Mr. R Courtney (deceased)

Mr. B Tocker Dr. N R Jefferson, OBE (deceased) Dr. J H Heslop, CBE (deceased)

Mr. C Willis M. K McCormick (deceased)

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Paralympics New Zealand (PNZ) is delighted to introduce the 2017 – 2018 Annual Report and financial statements for an 18-month reporting period.

It has been both a privilege and a pleasure to continue in the role of Chair at such an important and positive time both for the organisation and the Paralympic movement as a whole.

The phenomenal success of New Zealand Paralympians at the PyeongChang 2018 Paralympic Winter Games and New Zealand Para athletes at the Gold Coast 2018 Commonwealth Games, exemplified the ability of PNZ and the Paralympic movement to shine on the world stage and to inspire and excite the New Zealand community.

The New Zealand Paralympic Team of 3 Paralympians and 7 support staff that competed in PyeongChang 2018 once again proved how New Zealand punches above its weight on the world’s biggest sporting stage. The performances of Adam Hall, Corey Peters and Carl Murphy were exceptional. New Zealand won a total of 3 medals - 1 gold and 2 bronze and achieved four top 10 finishes. These performances exceeded the medal target, placing the country 16th on the overall medal table and 6th in the world for medals won per capita. Overall, there were 569 Para athletes competing from 49 delegations, including newcomers Georgia, North Korea and Tajikistan. Following its debut as disciplines under the Para alpine skiing programme in Sochi 2014, Para snowboarding was expanded into a separate sport with additional competitions.

In a landmark moment for Para sport in New Zealand, at the PyeongChang 2018 Paralympic Winter Games, Para alpine skier Adam Hall won the Whang Youn Dai Achievement Award. This award is presented at the Paralympic Games to one male and one female athlete who each “best exemplify the spirit of the Games and inspire and excite the world”. According to the International Paralympic Committee (IPC), “the award is for someone who is fair, honest and is uncompromising in his or her values and prioritises the promotion of the Paralympic movement above personal recognition.” PNZ was thrilled that this award was bestowed upon New Zealander Adam Hall and is a testament to Adam and his performance both on and off the field of play.

New Zealand Para athletes have continued to perform with distinction both domestically and internationally and PNZ congratulates each and every Para athlete and their support teams on their sporting success. There has been a focus on widening the pool of Para athletes and coaches in New Zealand and utilising Para sport research and innovation to enhance performance success.

PNZ wishes to acknowledge and thank the Governor General, Her Excellency The Right Honourable Dame Patsy Reddy for continuing to perform the role of Patron. PNZ is also well served by its Board and I thank them all for their diligence and the knowledge and skills that they bring to the governance role.

PNZ remains committed to contributing in the international arena through participation in influential international forums.  PNZ Board member and Paralympian Duane Kale was elected as Vice President to the IPC Governing Board in September 2017. This is an outstanding achievement and is a tribute to Duane’s credibility and good standing within the membership. Duane continues to make an outstanding contribution to Para sport through his work with IPC President, Andrew Parsons and the IPC Governing Board.

PNZ Board member and Paralympian Paula Tesoriero was appointed Disability Rights Commissioner in June 2017, a role that enables her to make a meaningful contribution to changing the outcomes for disabled New Zealanders. As further testament to her influence both in New Zealand and internationally, Paula had the honour of serving as Acting Chief Human Rights Commissioner from May 2018 to January 2019.

As Secretary General of the Oceania Paralympic Committee I also continue to have a focus on supporting the capability and development of Para sport within the Oceania region.

PNZ thanks our commercial partners for their passion and support. It is through these partnerships that PNZ continues to enhance its position as a global leader in Para sport whilst also contributing to a more diverse and inclusive New Zealand. Long standing partner Adecco delivered the 5th annual Prime Minister’s Dinner and the PNZ Board is extremely grateful to Mike Davies and his team at Adecco for their ongoing support of these prestigious and enjoyable events.  

PNZ wishes to express thanks to our Member organisations for their ongoing commitment to the growth of Para sport. As experts in their fields, PNZ knows that collaboration is a must for Para sport to flourish. PNZ looks forward to strengthening our partnerships with our members over the coming year as we continue preparations for the Tokyo 2020 Paralympic Games and Beijing 2022 Paralympic Winter Games.

Finally, thank you to my colleagues on the PNZ Board, Chief Executive, Fiona Allan, and the staff at PNZ – your leadership, expertise and passion for Para sport is very evident and bodes well for the future success and growth of Para sport in New Zealand.

DR. SELWYN MAISTER, CHAIR PARALYMPICS NEW ZEALAND

CHAIR'S REPORT

Rio 2016 Paralympian Stephen Hills - 2018 UCI Para Cycling Road World Championships silver and bronze medalist

Photo Credit: swpix.com

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CHIEF EXECUTIVE’S REPORT GOVERNANCE REPORT

In 2018 Paralympics New Zealand (PNZ) celebrated its 50th anniversary. 50 years since a team of 16 Para athletes travelled to Israel, with Paralympian Eve Rimmer bringing home 4 medals from the Tel Aviv 1968 Paralympic Games – a gold, two silver and a bronze. New Zealand has now competed and medalled at 12 consecutive summer Paralympic Games and 11 consecutive Paralympic Winter Games and medalled in all but two.

PNZ continues to be a widely respected and effective leader in New Zealand sport and Para sport globally. Whilst the spotlight shone on PyeongChang in South Korea for the PyeongChang 2018 Paralympic Winter Games the New Zealand Paralympic Team was simply outstanding. We were proud of the collaboration with Snow Sports NZ and High Performance Sport New Zealand (HPSNZ) to provide our winter Paralympians the best chance of success. I wish to acknowledge and thank PNZ Chef De Mission, Ashley Light and PNZ Games Campaign and Sports Manager, Lynette Grace for their leadership in the lead up to, and at the PyeongChang 2018 Paralympic Winter Games.

The New Zealand Paralympic Team was officially welcomed home by Prime Minister, the Rt Hon Jacinda Ardern. The Hon Carmel Sepuloni, Minister for Disability Issues and members of the Geilo 1980 Team (New Zealand’s first team to ever compete at a Paralympic Winter Games) and the three gold, silver and bronze medallists from the Innsbruck 1984 Team (New Zealand’s first team to win medals at a Paralympic Winter Games).  

The production and support teams from TVNZ and Attitude Pictures worked tirelessly to deliver live and free-to-air coverage of the PyeongChang 2018 Paralympic Winter Games on Duke, 1 News and TVNZ OnDemand reaching 1.6m Kiwis.

The success of 2018 continued with a key step towards the PNZ vision - ‘excellence and equity through sport’ – achieved. The Prime Minister Jacinda Ardern announced a ground breaking HPSNZ initiative that will now see pay parity of Performance Enhancement Grants (PEGs) for Para athletes in New Zealand. This will greatly assist Para athletes to compete and reach their potential at future Paralympic Games.

As a member of the International Paralympic Committee (IPC), PNZ is part of a worldwide social change movement, which uses the power of sport to positively influence community perceptions of disabled people and to promote a more diverse and inclusive society. PNZ continues to advocate for sport to become more accessible for disabled people and to support the creation of more systems and programmes to enable participation in Para sport through working collaboratively with Member organisations. PNZ looks forward to working with our Members, Sport New Zealand and HPSNZ to grow participation in Para sport in New Zealand and ensure sustainable quality Para sport pathways are in place.

PNZ funding continues to come from a mix of government, public donations, fundraisers, philanthropic partners, commercial partners, and community grants, and we continue to be grateful for the support received. Together with our partners, PNZ identifies opportunities, shares expertise and works towards creating a solid platform for success at the Paralympic Games, and through increased media, helping to change societal attitudes towards disabled people. PNZ wishes to thank TVNZ and Attitude Pictures for their continued support and confirmation of broadcast coverage through to the Tokyo 2020 Paralympic Games. PNZ wishes to thank our commercial partners for their enthusiasm and dedication to support PNZ and we look forward to continued initiatives and programmes. A huge thanks to community grant funders for their incredible support.

PNZ was thrilled to receive support from the NZ Lottery Grants Board in 2018 and as a result I very much look forward to celebrating our history and heritage as we officially recognise the achievements of New Zealand’s 209 Paralympians since Tel Aviv 1968 during the lead-up to Tokyo 2020.

To the Para athletes, coaches and support staff who have represented New Zealand over 2017 and 2018 congratulations and thank you.

To the dedicated staff and contractors at PNZ thank you for your ongoing commitment, dedication, support and passion. PNZ is very fortunate to have such a great team.

FIONA ALLAN, CHIEF EXECUTIVE PARALYMPICS NEW ZEALAND

Report on progress towards achieving the PNZ Strategic Plan "Towards 2020" goals.

MEDAL WINNING PERFORMANCES PROGRESS

• PyeongChang 2018 - 2 medals

• Tokyo 2020 - 22 medals

• Achieved (3 medals)

• On track

LEADERSHIP OF PARA SPORTS PROGRESS

• All NSOs whose sports have Para sports disciplines hold PNZ membership and have a partnership agreement with PNZ

• Government, local government agencies national sector groups, media and business groups recognise PNZ as the leader of the Para sport sector

• International Paralympic Committee (IPC), International Federations (IFs), international sector groups, media and business organisations recognise PNZ as a proactive and successful organisation

• Ongoing (e.g. 77% of Para sports disciplines hold PNZ membership, no organisations have a partnership agreement with PNZ)

• Ongoing (e.g. increased Government funding, major partners retained and one new commercial partner acquired)

• Ongoing (e.g. Duane Kale, New Zealand elected as Vice President, International Paralympic Committee and Selwyn Maister, New Zealand elected as Secretary General, Oceania Paralympic Committee)

HIGH PROFILE BRAND AND ATHLETES PROGRESS

• PNZ and Paralympians are household names

• The success of PNZ and Paralympians is recognised through winning awards

• PNZ is a preferred charity

• Maximised media and broadcast coverage of Paralympic Games and international events

• PNZ brands are recognised, influential, valuable and protected

• PNZ partners share and promote our story for mutual benefit

• Significant progress with the extent of the PyeongChang 2018 media coverage in NZ

• Achieved (e.g. Halberg Awards, Attitude Awards, NZ Maori Sports Awards, NZ Royal Honours)

• Ongoing (e.g. Lions 202L District, Warriors Great Charity Game Day, Carbine Club Charity Golf Day)

• Significant progress (e.g. 1.6m broadcast audience for PyeongChang 2018 through TVNZ and Attitude Pictures)

• Ongoing with significant progress

• Achieved (e.g. significant story telling by PNZ partners prior to, during and post PyeongChang 2018)

FINANCIAL SUSTAINABILITY PROGRESS

• PNZ generates income through partnerships, commercial programmes, Government funding, community funding, philanthrophy and fundraising to:

• Appropriately resource teams to Paralympic Games and international events

• Invest into the development of Para sport to support Para athletes

• Promote and market Para sport and Para athletes in New Zealand

• A strong partnership portfolio has been developed with successful commercial programmes. Commercial and community funding have enabled new Para sport initiatives

• Achieved for the PyeongChang 2018. Working on Tokyo 2020 and international events

• Ongoing (e.g. greatly increased number of Para athletes in the pathways and being selected for international events)

• Ongoing (e.g. Para athletes carrying out more public engagements and appearing more in the media raising the profile of Para sport)

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COMMERCIAL & MARKETING REPORT

The Spirit of Gold® Initiative continues to provide a framework for all Paralympics New Zealand (PNZ) commercial and marketing activity. It delivers an evolving set of events and content that provide great opportunities for PNZ commercial partners and the community to be involved.

It supports PNZ’s role as an advocate for understanding and acceptance of disability, working positively to influence community perceptions of disabled people.

It is clear that the New Zealand Paralympic Team, through exceptional success, has transformed a nation’s thinking. The success of Kiwi Paralympians in PyeongChang was amplified by the work of broadcast partners TVNZ and Attitude Pictures, building upon the Rio 2016 broadcast triumph.

COMMUNICATIONS In the lead up to PyeongChang, PNZ built layers of communications activity with the media and public to trigger anticipation for the broadcast of the PyeongChang 2018 Paralympic Winter Games. PNZ conducted a well-publicised national selection event with the New Zealand Paralympic Team. Milestones such as ‘1 year to go’ were celebrated and the Team was given a send-off in a special event at Government House in November 2017 hosted by PNZ Patron, Her Excellency The Rt Hon Dame Patsy Reddy.

In parallel, PNZ worked very closely with TVNZ and Attitude Pictures, to support their production plans for the Games. This included managing pre-Games content collection (such as interviews with Para athletes) and media training with Paralympians, to help them understand how best to support the broadcast. During the Games itself, PNZ sent a Media Manager to PyeongChang, supported by a small team in New Zealand, to write and provide content back into all New Zealand media, including broadcast partners. This media service achieved its ambition, triggering coverage amongst all media, thus driving broadcast audiences. TVNZ and Attitude Pictures reported exceptional viewership figures – over 1.6 million New Zealanders tuned into the Games on 1News, DUKE and TVNZ OnDemand. Back home in New Zealand, PNZ worked with a wide range of stakeholders to put together a much deserved two-part Welcome Home event for the team at Auckland Airport and AUT Millennium.

The first Tokyo 2020 Paralympic Games milestone was celebrated in August 2018 marking ‘2 years to go’. This was supported by key stories across media with schools, businesses and organisations ‘going gold’ as part of the annual Spirit of Gold Mufti Day.

PARTNERSHIPS PNZ is proud to have continued the growth of its commercial programme and introduced new commercial and fundraising partnerships in the build up to the Tokyo 2020 Paralympic Games and beyond.

We welcomed Tower Insurance to our family of partners as a “Major Partner of Paralympics New Zealand” and look forward to working with Tower on new initiatives in our communities.

PNZ’s partnership with Toyota saw the release of the Paracam video series – light-hearted interviews with Paralympians, talking about their lives, commitments and interests outside of sport and filmed while driving in one of the fantastic PNZ branded Toyota Rav 4s. The Paracam series is released via the PNZ and Toyota digital channels and is ongoing.

ACC supported PNZ with a second series of ACC Paralympics New Zealand Open Days; in Wellington, New Plymouth, Auckland, Tauranga and Dunedin. These events received great feedback as disabled people and members of the community were introduced to Para sport and given the opportunity to experience, learn and “have a go”. ACC staff were highly supportive of the Open Days with many attending in their regions. The ACC Sports Rehab Pathway Programme is another valuable initiative, encouraging those with injuries to participate in sport to enhance their recovery.

Harvey Norman continued its strong partnership with PNZ supporting Para athletes through the establishment of the “Harvey Norman PNZ National Development Programme”. The programme includes regional and national development camps, open training camps, introductory clinics, talent identification days, individualised Para athlete support, coach development and classification opportunities and is a much-valued commitment to PNZ Para athlete development pathways from Harvey Norman.

Sanford enlisted the help of Paralympian Cameron Leslie to feature in a Health and Safety video titled “Think Safe, Be Safe, Home Safe”. The video was created to reinforce safety messages to employees and then rolled out nationally promoting safety in the workplace. Cameron shared his personal story and by doing so the campaign challenged community perceptions, showcasing disability in a positive way.

Executive Travel joined the PNZ family of partners as “Official Supply Partner” of PNZ and will provide travel services to the organisation and its Para athletes and stakeholders. PNZ sincerely thanks its commercial partners and suppliers for their support: Toyota, High Performance Sport New Zealand, Adecco, ACC, Tower Insurance, Harvey Norman, Sanford, TVNZ, Attitude Pictures, Maersk, Oceanbridge, Simpson Grierson, Blue Star, Executive Travel and New Zealand Chambers of Commerce.

FUNDRAISING PNZ continues to develop its fundraising portfolio, seeking new opportunities to ensure PNZ achieves its revenue objectives.

Adecco once again, organised the popular annual Adecco Prime Minister’s Dinner event in 2017 and 2018. This is a special evening on the PNZ calendar as dignitaries, PNZ commercial partners and special guests come together with our Paralympians and Para athletes to celebrate their achievements and generously raise funds for Tokyo 2020. The event was especially significant in 2018 as it celebrated the 50th anniversary of PNZ and launched The Celebration Project to acknowledge the 209 Paralympians who have represented New Zealand.

The annual Carbine Club Golf Day was also a great success, supported by donations and gifts from commercial partners and local businesses. PNZ would like to thank those partners and businesses that entered teams, donated items and contributed to the total $20,000 raised in 2018.

PNZ was delighted to become the charity of choice for Lions 202L District for 1 year during 2017 and 2018. Clubs within the Waikato and Bay of Plenty region held various fundraising events and initiatives and the funds raised contributed to community Para sport programmes and supporting Para athletes on the journey to the Tokyo 2020 Paralympic Games.

PNZ was selected as one of four charity partners of the Vodafone Warriors collaborating to stage a pop-up Para sport experience at the first Vodafone Warriors Great Charity Games Day. This fun family event allowed PNZ to introduce Para sport to a large audience and to gratefully receive over $17,000 in funds raised.

The annual Spirit of Gold Mufti Day occurred in 2017 and 2018 and was once again was well received by our partners and their staff. Over 100 organisations participated and PNZ greatly appreciates the enthusiasm, effort and imagination that participants contribute to the Mufti Day.

PNZ continued to gratefully receive donations from the public as supporters generously contributed online and as part of the PNZ postal appeal. PNZ acknowledges a significant bequest from Ruth Howie, whose generosity is greatly appreciated.

A special thanks to our gaming, trust and grant partners: NZ Lottery Grants Board, The Lion Foundation, New Zealand Racing Board, NZ Community Trust, Pelorus Trust, Pub Charity, Trusts Community Foundation, Four Winds Foundation, Trillian Trust, First Sovereign, North & South Trust, Stevenson Village Trust, Mt Wellington Foundation Ltd, Blue Sky Community Trust, Southern Trust.

Photo Credit: Virtually Famous Ltd

Paralympians and Para athletes at the Adecco Prime Minister's Dinner with the Rt Hon Jacinda Ardern and Minister for Sport and Recreation Hon Grant Robertson

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To support these coaches, High Performance Sport New Zealand (HPSNZ) provided PNZ with additional investment to recruit a 0.6FTE Coach Development Manager. In December 2018 it was announced that former HPSNZ Coach Consultant Scott Higgins would take up this role and transition to the PNZ High Performance Programme with the key priority being to support PNZ high performance coach development. Further to this investment HPSNZ Prime Minister’s Scholarships have enabled many Para athletes to continue their education while competing so they are prepared for the workforce at the end of their sporting careers, and for coaches and support staff to continually get better at what they do by keeping abreast of new and innovative ideas.

PNZ and Swimming New Zealand (SNZ) worked in partnership to appoint triple gold medal winning Paralympian Cameron Leslie as SNZ National Para Swimming Development Coordinator. The key purpose of this role is to increase participation of Para swimming in New Zealand and support the integration of Para swimming into the New Zealand swimming club system.

As New Zealand’s National Paralympic Committee and the lead organisation for Para sport, PNZ has a clear goal of transitioning Para sport programmes to National Sports

Organisations by 2020, where appropriate. Further to the initial steps taken by PNZ and SNZ in the transition of Para swimming, PNZ and Athletics New Zealand have continued to further evolve the transition of the Para athletics programme. In December 2018 HPSNZ transferred $500k from PNZ to Athletics New Zealand as part of the successful integration of the Para athletics programme into Athletics.

2018 also saw a historical announcement where the Prime Minister Jacinda Ardern announced pay parity of Performance Enhancement Grants (PEG) for Paralympians and Para athletes in New Zealand. This announcement recognises that the hard work and sacrifice that comes with excellence on the world stage is the same for all of New Zealand’s elite athletes.

The past 18 months has been one of considerable and constant change. However, the PNZ High Performance Programme continues to deliver results at key international events. With a steady flow of Para athletes coming through the PNZ Community and HPAD Para Sport Pathway, and these Para athletes being exposed to high-quality coaching, the signs of delivering on our Tokyo 2020 medal target are encouraging.

The Paralympics New Zealand (PNZ) High Performance Programme has experienced many changes and successes over the past 18 months. These include Para athlete and coach transition, continued investment for growth and development and integration of Para sport programmes.

Rio 2016 gold and bronze medallist, Nikita Howarth made a successful transition from Para swimming to Para cycling where she was selected to compete at her first UCI Para Cycling Track World Championships in March 2018. Nikita finished ninth in the Women’s Individual Pursuit C4 then progressed over the following 8 months to break the World Record in the Women’s Flying 200m C4 at the Southland Track Cycling Championships. Additional to this, PNZ has observed 7 High Performance Athlete Development (HPAD) Para athlete’s transition from their respective sport-specific development programmes to the PNZ High Performance Programme. The most notable of these have been Nicole Murray who was selected as a HPAD Para athlete to compete at the

2018 UCI Para Cycling Track World Championships and was quickly transitioned into the PNZ Para Cycling High Performance Programme after winning a silver medal in the highly competitive Women’s Individual Pursuit C5.

As PNZ has witnessed Para athlete’s transition into the PNZ High Performance Programme there have also been Para athletes depart. The most notable of these being two-time Paralympian Mary Fisher. Mary having won in total, two gold, two silver and a bronze medal at the Rio 2016 and London 2012 Paralympic Games. Mary retired from international Para swimming in November 2018.

The PNZ High Performance Programme has also experienced significant transitions within the area of Para sport coaching.

Gold medal winning Paralympian Laura Thompson continued with her transition from Para athlete to coach with her first World Championships coaching assignment in March 2018. In January 2018 Simon Mayne transitioned into a full-time role of Para Swimming Performance Coach role with PNZ, while in July 2018 Damian Wiseman commenced as PNZ Para Cycling Hub Coach and Sports Scientist. All three coaches have key roles to play in the delivery of medals at the Tokyo 2020 Paralympic Games.

HIGH PERFORMANCE REPORT

Photo Credit: swpix.com

Para cyclists Hannah Pascoe and Nina Wollaston competing at the 2018 UCI Para Cycling Track World Championships Para swimmer Celyn Edwards competing at the 2018 Pan Pacific Para Swimming Championships

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COMMUNITY DEVELOPMENT REPORT

Paralympics New Zealand (PNZ) has continued to build relationships within the New Zealand Para sport community. This initiative has been successfully utilised to support ACC clients on their rehabilitation journey to engage with community Para sport. A good example of this is PNZ’s increasing support offered to a range of organisations and individuals.

Following development of the PNZ Community Development Strategy in early 2017 much of the work within the PNZ Para Sport Community Development Programme over the past 18 months has been focused on implementing the three strategic priorities, Leadership of Community Para sport, Community Activation and Sector Sustainability.

Through regular engagement and feedback, PNZ has developed a greater understanding of how to best support our Members. Through this information PNZ has provided support to Members as an advisor in several areas including strategy development, organisational structure and event planning. Additionally, PNZ has provided on-going support for specific projects. A key area of success has been the provision of support to PNZ Members developing individual No Exceptions Investment (NEI) applications. All PNZ Members who submitted applications were successful to some degree and it is considered that this will have a significant impact on the quality and availability of NSO and Parafed led Para sport opportunities.

A key project has been the delivery over the past 18 months has been the delivery of five ACC Paralympics New Zealand Open Days. These events have built on the success of the previous Open Days delivered throughout 2016 and 2017. Key outcomes from these events has been PNZ’s ability to broaden awareness of Para sport throughout New Zealand and to develop relationships with stakeholders such as Be Accessible, Regional Sports Trusts and Blind Sport New Zealand.

There have been over 60 new Para athlete registrations through the PNZ website. PNZ believes this highlights the increased awareness and interest from the New Zealand public in Para sport. All individuals have been connected to their local Parafed, or the relevant NSO for their Para sport of interest. To date, this has resulted in 20 Para athletes being selected into PNZ or NSO development squads with 15 of these Para athletes representing New Zealand at international events.

The ACC Rehab Pathway initiative is a joint project between PNZ and ACC. This initiative has been successfully utilised to support ACC clients on their rehabilitation journey to engage with community Para sport. One of the successes from the ACC Rehab Pathway has been the support and follow up individuals receive from PNZ to help get them on a Para sport pathway.

The PNZ Community Development Programme has gone through a process of learning, relationship development and growth. From learning how to best support PNZ Members, to engaging with new stakeholders and providing opportunities for individuals who want to compete as a Para athlete. PNZ believes sound progress has been made with the implementation of the PNZ Community Development Strategy. During this time Sport New Zealand have been completing a review of New Zealand Disability Sport and Active Recreation. With the findings of this review now published, and the Strategy imminent, PNZ will continue to work closely with Members to understand roles and contribute to the future growth of Para sport in New Zealand.

ACC Paralympics New Zealand Open Days

851total attendees

Cities5 Para sports

21

140Potential Para athletes

48 NEW PARA ATHLETES

HIGH PERFORMANCE ATHLETE DEVELOPMENT REPORT

The Paralympics New Zealand (PNZ) High Performance Athlete Development (HPAD) Programme is built around three strategic priorities.

Strategic priorities include the following:

• Finding new Para athletes through talent identification.

• Providing evidence-based pathways to support Para athlete’s understanding of how they can progress to becoming a high performing Para athlete.

• Providing sport-specific development programmes that ensure development Para athletes receive the right support for their stage of development.

When providing evidence-based pathways it is important that PNZ develops these through robust academic research. In 2017 AUT Masters student Loretta Hogg commenced her research to explore “Influences on the development for Para athletes with a limb deficiency”. Loretta has now completed this research project and is preparing manuscripts for publication in academic journals. This research was supported through funding provided by New Zealand Artificial Limb Services (NZALS). When considering the findings of this research PNZ felt there was still further opportunities to learn more regarding Para athletes with limb deficiencies. With support from High Performance Sport New Zealand (HPSNZ) through a Prime Ministers (PM) Scholarship and NZALS, PNZ has commissioned PhD student Olivia Baudinet to build on the research of Masters student Loretta Hogg, with research in “Exploring sport participation and wellbeing in people with limb deficiency: Mainstreaming and specialisation”. The findings of this research will be available in June 2021.

Additional to this academic research PNZ regularly consult with various stakeholders to understand the needs of those working with development Para athletes. Based on this feedback and knowledge, PNZ delivered its inaugural Disability Education Seminar in April 2018. This seminar was supported through funding provided by the HPSNZ PM Scholarship Programme. The purpose of this seminar was to inform and educate coaches and support staff about specific disabilities, ensuring these individuals have the knowledge and confidence to work more effectively with New Zealand Para athletes in the future. 70 attendees participated in the seminar and the debrief indicates that it was extremely valuable.

Up and coming New Zealand Para athletes continue to be recognised at the national level with ongoing support from the HPSNZ / Sport New Zealand Pathway to Podium Programme (P2P). To compliment this support PNZ delivered the inaugural PNZ Pathway to Podium camp as part of the newly launched Harvey Norman PNZ National Development Programme in September 2018. The purpose of the camp was to best prepare emerging Para athletes for the transition to high performance and to introduce Para athletes and their coaches to PNZ staff, explain operating frameworks, and facilitate a social network between Para athletes and coaches across Para sports. 17 Para athletes, 6 Para sport coaches and 4 Para sport programme leaders from 8 Para sports attended and the follow-on debrief indicated the camp was highly valued with the recommendation PNZ deliver this initiative on an annual basis.

The PNZ HPAD Programme is focused on providing Para athletes with opportunities that will support their progress through a Para sport pathway and ultimately lead them to entering a Para sport high performance programme. Measures of PNZ's success in accomplishing this have been evident with several individuals. Some examples include Nicole Murray who as a HPAD athlete attended the 2018 UCI Para Cycling Track World Championships. Nicole came away with a silver medal and then transitioned into the PNZ Para Cycling High Performance Programme. Additionally, Para swimmer Celyn Edwards who was a member of the PNZ Para Swimming HPAD Programme, transitioned into the PNZ High Performance Programme after progressing to a world ranking of 7th in his priority event at the end of the 2018 calendar year.

Much focus of the PNZ HPAD Programme over the past 18 months has been to provide support to Para athletes assisting them to achieve their own goals of entering a Para sport high performance programme and ultimately, competing at the Paralympic Games. To date, it is evident we are tracking well in this area however this wouldn’t be possible without the support from key stakeholders such as HPSNZ, NZALS, National Sport Organisations and the New Zealand Parafed network.

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CLASSIFICATION REPORT

The New Zealand Para Sport Classification Strategy leads and supports classification within New Zealand Para sports. This strategy continues to be world leading, whereby confidence in classification is upheld, the impact of eligible impairment on sport performance is minimized and more Para athletes are given opportunities to participate and develop on a pathway to medal winning performances.

Strategic priorities include the following:

• Readily available classification resources.

• Classification support to high performance Para sport programmes.

• Guidance and monitoring of New Zealand Para sport's code compliant classification activities.

Classification resources are readily available on the Paralympics New Zealand (PNZ) website. These forms and documents are regularly updated to meet IPC requirements and best practice guidelines. Community events such as the ACC Paralympics New Zealand Open Days provided a great opportunity to share resources with the public and increase understanding of classification. Classification education presentations were delivered to over 100 participants across a variety of events throughout 2018 including the PNZ Disability Seminar in April, Paediatric Physiotherapy Seminar in June and the Pathway to Podium Forum in September.

Classification support has been provided to Para cycling, Para swimming, Shooting Para sport. This has included, but not limited to, the coordination of medical diagnostics information for new and review national and international Classifications, medical review requests and protest submissions.

PNZ has given guidance and support to Badminton NZ, Waka Ama NZ, Boccia NZ, Swimming NZ, Athletics NZ, Table Tennis NZ, Triathlon NZ and Rowing NZ for the development and implementation of Code compliant classification activities.

Further to this, PNZ has provided provisional classification certifications to athletes competing at the AIMS Games and Halberg Disability Games where sports have been run under Para sport rules. Categorisation certifications have been allocated to NZDF athletes training to compete at the Invictus Games.

The PNZ Classification Manager attended the 2018 IPC NPC Classification Experts Meeting, Bonn, Germany which had ‘The Future of Classification’ as its key agenda item. Other topics addressed were athlete Classification Code compliance, collection of medical diagnostic information, Classification developments for visual impairments, the removal of factoring systems in Para sports and athlete data protection. Information from this meeting was shared with relevant personnel.

PNZ would like to congratulate many of New Zealand’s talented classifiers on the international appointments they have achieved including:

• Rebecca Foulsham, International Classifier - World Para Athletics, appointed to 3 international panels including 1 as Chief Classifier:

• Marguerite Christophers, Head of Classification - International Triathlon Union, appointed 3 international panels, including 2 as Chief Classifier.

• Vicky Melville, International Classifier – Federation Equestrian International, appointed to 2 international panels.

• Ruth McLaren, International Classifier - World Para swimming, appointed to 3 international panels, including 2 as Chief Classifier.

• Christine Ongley, International Classifier – World Para Alpine Skiing and World Para Snowboard, appointed to 3 international panels.

• Garth Ritchie, International Classifier for Intellectual Impairment – World Para Athletics appointed to 3 international Para athletics events, 2 of which he was Chief Classifier.

• Helen McKenzie, International Classifier – Para World Sailing appointed to 2 international panels.

• Kerry Jenkinson, International Classifier – Boccia International Sports Federation, appointed to one international panel.

• Sara Edwards, Brendon Vercoe, Deborah Bowditch and Binnie O’Dwyer, International Wheelchair Rugby classifiers appointed to international panels including 1 Chief Classifier appointment.

• Rebecca Foulsham, World Para Athletics and Marguerite Christophers, International Triathlon Union, are both classification educators.

• Ruth Mclaren, World Para Swimming and Marguerite Christophers, International Triathlon Union, are both members of Classification Advisory Groups within their respective sports.

PNZ would like to welcome new National Eligibility Officer (NEO) Ros Pullen to a key voluntary role that involves the verification of eligibility applications from intellectually impaired athletes throughout New Zealand. Ros has replaced Garth Ritchie who has dedicated five years of his valued

time to this role and PNZ would like to thank Garth for his professionalism and tireless dedication that ensured many Para athletes with an intellectual impairment were able to begin on their sporting pathway.

Many classifiers have continued with ongoing professional development opportunities as the result of HPSNZ Prime Minister’s Scholarships being awarded. PNZ is grateful for the funding support to enable New Zealand Para sport programmes to have highly trained classifiers conducting accurate and reliable classification outcomes. Scholarships were awarded to Andrew Ralph to attend a National Para badminton classifier seminar, Kirsty Walker to attend an International Para cycling classifiers seminar, Sandra Blewett to attend a National technical classifier upskilling seminar, Hamish Ashton to attend a National Shooting Para sport classifiers seminar and Marguerite Christophers to attend an IPC Classification Experts meeting.

TABLE 1 – CLASSIFICATIONS ALLOCATED AND CLASSIFIERS TRAINEDNational and international classifications were allocated and classifiers trained, see table 1 below. This includes Para athletes with physical, visual and intellectual impairments, new and review Para athletes.

Sport Classifications Classifiers Trained

Para sport* No. Active Classifiers

National Classifications

International Classifications

National Classifiers Trained

International Classifiers Trained

Para swimming 2 14

Para cycling 2 10 7

Shooting Para sport 1 3 1

Para athletics 3 36 17

Para sailing 1 2

Para alpine skiing/snowboard 1 1

Para equestrian 3 19

Boccia 1 6 1

Para table tennis 2 10 2

Para canoe, Para va’a and Para rowing 2 2 1

Para lawn bowls 14

Wheelchair basketball 1 5

Wheelchair rugby 5 9 3 1

Provisional Classifications

62 provisional classifications were allocated across Para athletics, Para cycling, Para swimming, Shooting Para sport, Para lawn bowls and 30 categorisations for NZDF Invictus Games athletes

*Note – Classification activity for Para cycling, Para swimming and Shooting Para sport are managed and funded by PNZ. Classification activities for all other Para sports are funded through their National Sports Organisation.

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PYEONGCHANG 2018 PARALYMPIC WINTER GAMES

The New Zealand Paralympic Team delivered both on and off the snow in PyeongChang 2018.

Paralympics New Zealand’s (PNZ) role is to prepare, select, and lead the New Zealand Paralympic Team, for both the summer and winter Paralympic Games, creating a high performance environment that supports Paralympians to perform at their best at this pinnacle event.

To best support the Games campaign planning and to ensure the needs of the New Zealand Paralympic Team were met and set-up for success, planning began in 2015 and intensified during 2017. Site visits were instrumental to assist with planning for the Team and cemented relationships with both the PyeongChang 2018 Organising Committee and the International Paralympic Committee (IPC). This long term planning and investment is crucial to the successful delivery of a Paralympic Games campaign, which was highlighted with 100% satisfaction rates of the New Zealand Paralympic Team advising the Games team environment supported and added value to their performance and 100% in agreement that they were all proud to be part of the New Zealand Paralympic Team.

Chef de Mission Ashley Light was appointed in March 2017 and Para athletes were nominated and selected in November 2017. PNZ wishes to thank Ashley Light for his leadership of the Team and Snow Sports New Zealand for their partnership in the lead up to PyeongChang 2018 and their support and preparation of the Para athletes as part of their Para alpine skiing and Para snowboard programmes.

The New Zealand Paralympic Team was farewelled at a very special function held at Government House in Auckland, hosted by the Governor-General and Patron of PNZ, Her Excellency the Right Honourable Dame Patsy Reddy.

As with all Paralympic Games, a close working relationship with the New Zealand Government is critical regarding safety and security for team members, and supporters in South Korea. The support of the New Zealand Embassy in Seoul was greatly appreciated including Ambassadors Clare Fearnley and Roy Fergusson who were consecutively in the Ambassador role throughout 2017 and the Paralympic Games period, Deputy Head of Mission and Consul Adriaan Barnard and their greater team. PNZ wishes to express gratitude for the combined support in the lead up to and during the PyeongChang 2018 Paralympic Winter Games.

The New Zealand Paralympic Team finished 6th in the world for medals won per capita in PyeongChang 2018, previously finishing 9th in the world for medals won per capita at the Sochi 2014, winning 1 gold and 2 bronze medals exceeding the target of 2 medals. This extraordinary success saw New Zealand finish 16th in the world on the overall medal table, a ranking which was retained from the Sochi 2014 Paralympic Winter Games, however with 49 delegations competing in PyeongChang compared to 45 in Sochi this was a great achievement. The New Zealand Paralympic Team have not won multiple medals at a Paralympic Winter Games for 16 years - since Salt Lake City 2002.

In additional to the remarkable results on the field of play, Adam Hall received the Whang Yuon Dai Achievement Award. This prestigious Award is presented to only one male and one female Paralympian at each Paralympic Games who best exemplify the spirit of the Paralympic Games and the Paralympic values.

This is the first time a New Zealander has ever won this Award and as acknowledgement of Adam’s outstanding achievement, a 75-gram pure gold medal was presented to Adam at the closing ceremony held on 18 March 2018.

Following PyeongChang 2018 members of the New Zealand Paralympic Team were welcomed home in a two-part event. Public supporters, media and the Rosehill College Kapa Haka group were at Auckland International Airport on the Team’s arrival back onto New Zealand soil. The second event held at AUT Millennium saw Prime Minister of New Zealand, Rt Hon Jacinda Ardern and the Minister of Disability Issues Hon Carmel Sepuloni along with winter Paralympians from the Arnhem 1980 and Innsbruck 1984 Teams welcome the Team home. We wish to express our sincere thanks to all those that attended and made the return home even more special acknowledging the remarkable achievements of the New Zealand Paralympic Team.

New Zealand has now won a total of 31 winter Paralympic medals, made up of 16 gold, 6 silver and 9 bronze medals. In total the country has won 221 Paralympic medals across both the winter and summer Paralympic Games.

PYEONGCHANG 2018 BY THE NUMBERS

16th

overall medal table

NEW ZEALAND medals won per capita

6th 3medals in total

goldmedal won

1.6 mKiwis watch

the broadcast

people inspired to thinkdifferently about disability4.6

3New Zealand Paralympians

680kreach across PNZ digital channels

Whang Youn Dai

Achievement Awardpresented to Paralympian Adam Hall

million

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HEADING HEADINGPYEONGCHANG 2018 RESULTS

ADAM HALL - PARA ALPINE SKIINGGold – Men’s Slalom StandingBronze – Men’s Super Combined Standing6th – Men’s Downhill Standing10th – Men’s Super G Standing

COREY PETERS - PARA ALPINE SKIINGBronze – Men’s Downhill Skiing10th – Men’s Giant Slalom Sitting11th – Men’s Super-G Sitting

CARL MURPHY – PARA SNOWBOARD5th - Men's Banked Slalom12th - Men's Snowboard Cross

Photo Credit: Getty Images

PyeongChang 2018 Paralympian Adam Hall Para alpine skiing

Photo Credit: Getty Images

PyeongChang 2018 Paralympian Carl Murphy Para snowboard

19Paralympics New Zealand ANNUAL REPORT 201818

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TOKYO 2020 The Tokyo 2020 Paralympic Games will be held from 25 August – 6 September 2020 with the New Zealand Paralympic Team targeting 22 medals. Tokyo 2020 will feature 22 Para sports.

The 22 Para sports that will be included are: Para archery, Para athletics, Para badminton, Boccia, Para canoe, Para cycling, Para equestrian, Football 5-a-side, Goalball, Para judo, Para powerlifting, Para rowing, Shooting Para sport, Sitting volleyball, Para swimming, Para table tennis, Para taekwondo, Para triathlon, Wheelchair basketball, Wheelchair fencing, Wheelchair rugby, Wheelchair tennis.

New Zealand’s preparations for the Tokyo 2020 Paralympic Games are well underway. With heat being a major concern for the Tokyo 2020, Paralympics New Zealand (PNZ) will continue to work closely with key stakeholders to ensure heat strategies are in place to mitigate the impact this may have on the Team performance.

Lynette Grace, PNZ Games Campaign and Sport Manager attended the second Tokyo 2020 National Paralympic Committee (NPC) Open Day in September 2018 in Tokyo. The Chef de Mission Seminar, to be held in September 2019, 1 year out from the Paralympic Games will be another opportunity for PNZ to learn more from the Tokyo 2020 Organising Committee with regards to the delivery of the Tokyo 2020.

To officially celebrate the start of the journey to Tokyo 2020 Paralympians and Para athletes were brought together at the 5th annual Adecco Prime Ministers’ Dinner on 9 October 2018. Over 160 guests mixed with the Paralympians and Para athletes as they look forward to what lies ahead.

BEIJING 2022 The International Paralympic Committee (IPC) Governing Board approved the Beijing 2022 Paralympic Winter Games medal event programme and Para athlete quotas, confirming that Beijing 2022 could be the biggest Paralympic Winter Games to date.

Beijing 2022 has the possibility to be the first Paralympic Winter Games to have gender parity in the number of medal events for men and women.

Beijing 2022 will feature a maximum of 748 Para athletes and up to 82 medal events - two more than PyeongChang 2018.

The Beijing 2022 Paralympic Games will be held from 4 – 13 March 2022.

PARIS 2024 The IPC has confirmed the Paris 2024 Paralympic Games sports programme will remain the same as the Tokyo 2020 Paralympic Games.

The Paris 2024 Paralympic Games will be held from 4 – 15 September 2024.

FUTURE PARALYMPIC GAMES

Photo Credit: Getty Images

Paralympian Sophie Pascoe at ACC Paralympics New Zealand Open Day - WellingtonAn artist impression of the Tokyo 2020 Stadium

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CYRIL SMITH LEGACY FUND RECIPIENTS

DATE APPROVED

AMOUNT APPROVED

APPLICANT FOR:

2/7/2017 $ 3,500.00 Canterbury Boccia Club Contribution for Canterbury Boccia to compete at the Boccia nationals

2/7/2017 $ 1,618.00 Paralympics New Zealand Contribution towards the Para swimming classifications in Canterbury

2/7/2017 $ 826.09 Parafed Canterbury Contribution to costs for the Junior Disability Games

2/7/2017 $ 1,800.00 Parafed Canterbury Contribution towards coaching scholarships

5/11/2017 $ 2,000.00 Paul Odlin Contribution towards coaching costs to deliver Para cycling programme

5/11/2017 $ 3,200.00 Parafed Canterbury Contribution to costs for the Junior and Youth Games

5/11/2017 $ 7,040.00 Paralympics New Zealand Canterbury Para cycling camp

4/3/2018 $ 2,550.00 Scott Martlew Competition costs to compete at the 2018 ICF Para Canoe World Championships

4/3/2018 $ 4,000.00 Sophie Pascoe - PNZ Competition costs to train in the UK

4/3/2018 $ 2,000.00 Hamish Mclean - PNZ Competition costs to compete at the Pan Pacific Para Swimming Championships in Cairns

15/7/2018 $ 2,000.00 Scott Martlew Competition costs to compete at the 2018 ICF Para Canoe World Championships

15/7/2018 $ 4,000.00 Canterbury Boccia Club Contribution towards costs of Boccia events

15/7/2018 $ 3,650.00 Parafed Canterbury Contribution towards costs of Para swimming, Para athletics, Boccia and targeted events

15/7/2018 $ 1,000.00 Celyn Edwards - PNZ Competing at the Pan Pacific Para Swimming Championships in Cairns

15/7/2018 $ 1,800.00 Parafed Canterbury Contribution towards coaching scholarships

31/10/2018 $ 5,000.00 Parafed Canterbury Contribution towards an Academy Programme

31/10/2018 $ 2,000.00 Paul Odlin Contribution towards coaching costs to deliver Para cycling programme

31/10/2018 $ 2,000.00 Ieuan Edwards Competition costs to compete at the World Para Swimming World Series in Melbourne

In 2014, Paralympics New Zealand (PNZ) was generously gifted $1 million from Christchurch philanthropist Cyril Smith. PNZ was one of 16 charities which benefitted from his bequests.

The $1 million bequest to PNZ was used to develop the PNZ Cyril Smith Legacy Fund to assist Para athletes in the Canterbury region with training and development support, or otherwise in accordance with fulfilling PNZ objectives within the PNZ constitution.

Below are the successful recipients of the PNZ Cyril Smith Legacy Fund for the 2017-2018 financial year.

Photo Credit: Getty Images

ACC Paralympics New Zealand Open Day - New Plymouth

22 23Paralympics New Zealand ANNUAL REPORT 2018

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HEADING HEADING HEADING HEADING

24

# SURNAME FIRST NAME YEARS PARA SPORTS

1 Brown Norman 1968 Para archery, Para swimming, Para table tennis

2 Campbell Len 1968 Para athletics, Wheelchair fencing

3 Close Leo 1968, 1972 Para athletics

4 Condon Graham 1968, 1972, 1976, 1980,1984, 1988 Para athletics, Para swimming

5 Fattorini Rex 1968 Para athletics, Para powerlifting

6 Flood Bill 1968 Para archery, Para athletics, Para bowls, Wheelchair fencing, Para table tennis

7 Lean Bill 1968, 1976, 1980 Para archery, Para athletics, Para powerlifting, Para table tennis

8 Marett Graeme 1968, 1972, 1976 Para archery, Para athletics, Para swimming, Para table tennis

9 McDonald Doug 1968 Para table tennis

10 Ngata Reuben 1968, 1976 Para athletics, Para powerlifting, Para table tennis

11 Plessius Bill 1968 Para athletics

12 Read Phil 1968 Para table tennis

13 Rimmer Eve 1968, 1972, 1976, 1980 Para archery, Para athletics, Para swimming

14 Savage Jim 1968, 1972, 1976, 1980 Para archery, Para athletics, Para table tennis

15 Stott John 1968 Para swimming, Para table tennis

16 Wright Rodney 1968 Para archery, Para swimming

17 Fairhall Neroli 1972, 1980, 1988, 2000 Para archery, Para athletics

18 McCormick Keith 1972 Para athletics, Para swimming

19 Miller Dennis 1972, 1976, 1980, 1984 Para athletics, Para table tennis

20 Morgan Tina 1972 Para athletics, Para swimming

21 Nicholls Chris 1972 Para archery, Para athletics, Para swimming

22 Chambers Paul 1976, 1980 Para athletics, Para swimming

23 Creba Fred 1976 Para athletics, Para powerlifting

24 Hynds Ross 1976, 1980, 1984, 1992 Para archery, Para athletics

25 McNicholl Brian 1976 Para athletics, Para powerlifting

26 Moore Doug 1976 Para athletics, Para table tennis

27 Baddeley Peter 1980(w) Para alpine skiing

28 Nicholls Edward 1980(w) Para alpine skiing

29 Philip Craig 1980(w), 1984(w) Para alpine skiing

30 Cochrane Greg 1980, 1984 Para athletics, Para swimming

31 Eden John 1980 Para athletics, Para swimming

(w) Winter Paralympic Games

# SURNAME FIRST NAME YEARS PARA SPORTS

32 Firth Kaye 1980 Para athletics, Para swimming

33 Froggatt Brian 1980, 1992 Para athletics, Para powerlifting

34 Halatau Latoatama 1980 Para athletics

35 Hill Patricia (Trish) 1980, 1984, 1988 Para athletics

36 Moran Chris 1980 Para athletics, Para swimming

37 Raymond Ken 1980 Para archery, Para athletics

38 Skipwith Tewai 1980 Para athletics

39 Tarrant Dave 1980 Shooting Para sport

40 Bickerstaff Edward (Ed) 1984(w), 1988(w), 1992(w), 1994(w) Para alpine skiing

41 Butler Denis 1984(w) Para alpine skiing

42 Clark Martin 1984(w), 2000 Para alpine skiing, Para sailing

43 Craig Trish 1984(w) Para alpine skiing

44 Edwards Mark 1984(w) Para alpine skiing

45 Martin Vivienne 1984(w) Para alpine skiing

46 Orr Christopher 1984(w) Para alpine skiing

47 Cook Denise 1984 Para athletics

48 Courtney Robert 1984 Para athletics

49 Crichton Roly 1984, 1988 Para swimming

50 Hadfield Michelle 1984 Para athletics

51 Hennessy Morice 1984, 1988 Para athletics

52 O'Callaghan Michael 1984 Para athletics

53 Smith Alison 1984 Shooting Para sport

54 Willis Colin 1984, 1992, 1996, 2000, 2004 Shooting Para sport

55 Cooper Patrick 1988(w), 1992(w), 1994(w) Para alpine skiing

56 Te Punga Lorraine 1988(w) Para alpine skiing

57 Buchanan Grant 1988 Para athletics

58 Cordery Jan 1988 Para athletics, Para swimming

59 Davies John 1988 Para bowls

60 Gibson Brent 1988 Para swimming

61 Horne Peter 1988, 1996 Para bowls

62 Mancktelow Lesli 1988 Para athletics

63 Meimaris Stelios 1988 Para athletics

64 Mill David 1988 Para athletics

65 Mills Yvonne 1988 Para athletics

66 Minifie Stuart 1988 Para athletics

NEW ZEALAND PARALYMPIANS FROM 1968 TO 2018

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HEADING HEADINGHEADING HEADING

# SURNAME FIRST NAME YEARS PARA SPORTS

67 Rupe Tui 1988 Para athletics

68 Vear Brad 1988 Para athletics

69 Adamson Chris 1992(w),1994(w) Para alpine skiing

70 Graham Stuart 1992(w) Para alpine skiing

71 O'Sullivan Kevin 1992(w), 1994(w), 1998(w) Para alpine skiing

72 Shanks Devon 1992(w) Para alpine skiing

73 Weeks Mark 1992(w) Para alpine skiing

74 Barnes Glenn 1992, 2004 Wheelchair tennis

75 Bidois Aaron 1992, 1996 Para swimming

76 Clulee Evan 1992 Para athletics

77 Foulsham Gavin 1992, 2000 Para athletics

78 Gow Denise 1992 Para athletics

79 Honey Belinda 1992, 1996 Para swimming

80 MacCalman Dave 1992, 1996, 2000, 2004 Para athletics

81 Newstead Jenny 1992, 1996 Para swimming

82 Smith Cristeen 1992, 1996 Para athletics

83 Sorensen John 1992 Wheelchair tennis

84 Aleksich Kevin 1994(w) Para alpine skiing

85 Butson Matthew 1994(w), 1998(w) Para alpine skiing

86 Duffy Joanne 1994(w) Para alpine skiing

87 Brown Hayden 1996, 2000 Para swimming

88 Cameron Rewiti 1996 Para swimming

89 Courtier Jacque 1996, 2004 Wheelchair tennis

90 Craike Jayne 1996, 2000, 2004 Para equestrian

91 Dickie Robert 1996 Wheelchair rugby

92 Dijkstra Henk 1996, 2004, 2008 Boccia

93 Dowall John 1996, 2000 Para athletics

94 Griffiths Jason 1996 Para swimming

95 Guthrie Steven 1996, 2000, 2004 Wheelchair rugby

96 Kale Duane 1996 Para swimming

97 Leefe Paul 1996, 2000 Wheelchair rugby

98 Lineham Carey 1996 Para athletics

99 Lucas Ben 1996, 2000 Para athletics

100 Martin Peter 1996, 2000, 2004, 2012 Para athletics

101 Mathews Mervyn 1996 Para bowls

102 May Andrew 1996, 2000, 2016 Para sailing

103 McMurray Gary 1996, 2000, 2004 Wheelchair rugby

# SURNAME FIRST NAME YEARS PARA SPORTS

104 Muralt Jeff 1996 Para athletics

105 Palmer Curtis 1996, 2000, 2004, 2008 Wheelchair rugby

106 Scott Cameron 1996 Para sailing

107 Sharman Grant 1996, 2000 Wheelchair rugby

108 Simeon Thomas 1996 Boccia

109 Stewart Derek 1996 Para sailing

110 Stratford Marilyn 1996 Wheelchair tennis

111 Taylor Sholto 1996, 2000, 2004, 2008 Wheelchair rugby

112 Tinker Geremy 1996, 2000, 2004, 2008 Wheelchair rugby

113 Wornall Chris 1996 Para sailing

114 Battersby Rachael 1998(w), 2002(w) Para alpine skiing

115 Bayley Steven 1998(w), 2002(w) Para alpine skiing

116 Gardiner (Walker) Sue 1998(w) Para alpine skiing

117 Booth Dean 2000 Para swimming

118 Bradley Tanya 2000 Para athletics

119 Britnell Paul 2000 Wheelchair tennis

120 Collie David 2000 Para athletics

121 Edwards Phil 2000 Para sailing

122 Fleming Wayne 2000 Wheelchair tennis

123 Flood Ross 2000, 2004 Boccia

124 Inglis Mark 2000 Para cycling

125 Jesson Paul 2000, 2004 Para cycling

126 Johnson Tim 2000, 2004, 2008 Wheelchair rugby

127 Munckhof Paul 2000 Boccia

128 Muschamp Justin 2000 Wheelchair rugby

129 Oughton Bill 2000, 2004 Wheelchair rugby

130 Pierson Hadleigh 2000, 2004 Para swimming

131 Pollock Gillian 2000 Para swimming

132 Prendergast Tim 2000, 2004, 2008, 2012 Para athletics

133 Reynolds Garth 2000 Para sailing

134 Roche Stacey 2000 Boccia

135 Slade Matthew 2000, 2004, 2008 Para athletics

136 Taamaru George 2000, 2004, 2008 Para powerlifting

137 Tretheway Sean 2000 Para swimming

138 Williams Gary 2000 Boccia

139 Wood Chris 2000 Para sailing

140 Wright Tracey 2000 Para powerlifting

NEW ZEALAND PARALYMPIANS FROM 1968 TO 2018 CONTINUED

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NEW ZEALAND PARALYMPIANS FROM 1968 TO 2018 CONTINUED

# SURNAME FIRST NAME YEARS PARA SPORTS

141 Beattie Willie 2004 Para athletics

142 Buckingham Dan 2004, 2008 Wheelchair rugby

143 Faleva’ai Terry 2004, 2008 Para athletics

144 Griffin Theresa 2004 Para swimming

145 Horan Kate 2004, 2008, 2016 Para athletics, Para cycling

146 Jackson Greig 2004, 2008 Boccia

147 Jenkins Miriam 2004 Para swimming

148 Johnson Michael 2004, 2008, 2012, 2016 Shooting Para sport

149 Morriss Jeremy 2004, 2008 Boccia

150 Perry Tiffiney 2004 Wheelchair tennis

151 Powell Sarah 2004 Para swimming

152 Sanders Liam 2004, 2008 Boccia

153 Sharp Daniel 2004, 2008, 2012 Para swimming

154 Southorn Fiona 2004, 2008, 2012 Para cycling

155 Toon Maurice 2004, 2008 Boccia

156 Waite Jai 2004, 2008 Wheelchair rugby

157 Field Anthony 2006(w) Para alpine skiing

158 Hall Adam 2006(w), 2010(w), 2014(w), 2018(w) Para alpine skiing

159 Bonner Kerri 2008 Boccia

160 Donaldson Annemarie 2008 Para cycling

161 Farrell Annaliisa 2008 Para cycling

162 Hamill Jessica 2008, 2016 Para athletics

163 Klinkhamer David 2008 Wheelchair rugby

164 Leslie Cameron 2008, 2012, 2016 Para swimming

165 Parsons Jayne 2008 Para cycling

166 Pascoe Sophie 2008, 2012, 2016 Para swimming

167 Slade Amanda 2008 Boccia

168 Tesoriero Paula 2008 Para cycling

169 Wakeford Adam 2008 Wheelchair rugby

170 Williams Peter 2010(w) Para alpine skiing

171 Apel Jan 2012 Para sailing

172 Dempsey Timothy 2012 Para sailing

173 Dubber Rebecca 2012, 2016 Para swimming

174 Fisher Mary 2012, 2016 Para swimming

175 Francis Paul 2012 Para sailing

176 Gray Phillipa 2012 Para cycling

177 Gunner Anthea 2012 Para equestrian

178 Holt Daniel 2012 Para swimming

# SURNAME FIRST NAME YEARS PARA SPORTS

179 Howarth Nikita 2012, 2016 Para swimming

180 Kelly-Costello Aine 2012 Para swimming

181 McBride Danny 2012 Para rowing

182 Reid Susan 2012 Para cycling

183 Robinson Holly 2012, 2016 Para athletics

184 Ross Chris 2012 Para cycling

185 Smith Nathan 2012 Para cycling

186 Stock Rachel 2012 Para equestrian

187 Thompson Laura 2012, 2016 Para cycling

188 Peters Corey 2014(w), 2018(w) Para alpine skiing

189 Murphy Carl 2014(w), 2018(w) Para snowboard

190 Cameron Amanda 2016 Para cycling

191 Dodson Richard 2016 Para sailing

192 Dore Caitlin 2016 Para athletics

193 Eales Jason 2016 Shooting Para sport

194 Foy Emma 2016 Para cycling

195 Grimaldi Anna 2016 Para athletics

196 Hills Stephen 2016 Para cycling

197 Malone Liam 2016 Para athletics

198 Martlew Scott 2016 Para canoe

199 McLean Hamish 2016 Para swimming

200 McSweeney Rory 2016 Para athletics

201 Neiufi Tupou 2016 Para swimming

202 Phillips Jacob 2016 Para athletics

203 Raubenheimer Byron 2016 Para cycling

204 Reid Greg 2016 Shooting Para sport

205 Reynolds Jesse 2016 Para swimming

206 Sharp Chris 2016 Para sailing

207 Sharp Fraser 2016 Para cycling

208 Stedman William 2016 Para athletics

209 Van Kampen Hannah 2016 Para cycling

Paralympics New Zealand ANNUAL REPORT 2018 2928

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31 Financial Report

32 Directory & Statement of Compliance and Responsibility

33 Statement of Comprehensive Revenue and Expenses

34 Statement of Changes in Net Assets

35 Statement of Financial Position

36 Cash Flow Statement

37-46 Notes to the Financial Statements

47-48 Independent Auditor's Report

FINANCIAL CONTENTS

FRAMEWORKThe finance report reflects operations during the 18 months ended 31 December 2018, reported as a Tier 2 entity, with specific notes and disclosures required.

RESULTThe 2018 period resulted in a surplus of $1,372k, an increase of $1,635k from 2017. This is mostly due to the impact of the bequest from Ruth Howie. The current period is an 18 month period compared to the 12 months for 2017.

KEY FACTS Key facts that contributed to the revenue result of $6.8m, an increase from the 2017 income of $3.8m, are as follows:

• Fundraising and sponsorship of $936k

• Grant income of $453k

• Donations and Postal Appeal of $129k

• High Performance, PyeongChang 2018 and Tokyo 2020 Paralympic Games funding of $3.8m

• Ruth Howie bequest of $1.3m

PNZ wishes to acknowledge the ongoing support received from all of our commercial partners, funders and supporters.

Key facts that contributed to the Expenditure result of $5.4 million, an increase from the 2017 amount of $4.0 million, are as follows:

• Employee costs of $998k

• Administration costs of $120k includes recruitment, affiliations, printing, vehicle costs

• Occupancy costs of $158k includes office rentals, insurances

• Governance of $45k includes flights, accommodation, honorarium

• Commercial and Marketing costs of $233k includes events, value in kind expenses

• High Performance, PyeongChang 2018 and Tokyo 2020 Paralympic Games campaign costs of $3.7m

TOTAL ASSETS $3.175MTotal assets include cash and investments of $2.979m, accounts receivable $101k, property, plant and equipment $36k and prepayments $59k.

TOTAL LIABILITIES $558KTotal liabilities include accounts payable $157k, special purpose funds $198k, employee entitlements $56k and income in advance $147k.

LEGACYDistributions have been made in the year for a total of $46k, in line with the distribution criteria ratified by the PNZ Cyril Smith Legacy Funds Sub-Committee.

RATIOSCash reserves provides a coverage at 5.34 times the amount of our liabilities, and a liquidity ratio of 5.62. PNZ can meet its obligations.

2018 FINANCIAL REPORT

Paralympics New Zealand ANNUAL REPORT 2018 3130

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PARALYMPICS NEW ZEALAND INCORPORATED

DIRECTORY FOR THE 18 MONTHS ENDED 31 DECEMBER 2018

Board of Trustees Selwyn Maister (Chair)

Duane Kale

Catriona McBean

Jana Rangooni

Clive Power

Paula Tesoriero

Jane Cotter

Andre Lubbe (appointed 2017)

Fiona Allan (CE)

Nature of Business National Paralympic Committee for New Zealand and the executor of high performance sports programmes.

Registered Office & Postal Address Suite 2.10, Axis Building 1 Cleveland Road, Parnell, Auckland

Telephone (09) 526 0760

Charities Commission Number CC33576

Date of Incorporation 10 December 2007

Auditors RSM Hayes Audit Chartered Accountants

Solicitors Simpson Grierson

STATEMENT OF COMPLIANCE AND RESPONSIBILITY FOR THE 18 MONTHS ENDED 31 DECEMBER 2018

The Board accepts responsibility for the preparation of the annual financial statements and the judgements used in these financial statements. .

The management (including the CE and others directed by the Board) accepts responsibility for establishing and maintaining a system of internal controls designed to provide reasonable assurance as to the integrity and reliability of the organisations's financial reporting.

It is the opinion of the Board and management that the financial statements for the 18 months ended 31 December 2018 fairly reflects the financial position and operations of the organisation.

The organisation's 2018 financial statements are authorised for issue by the Board.

SELWYN MAISTER FIONA ALLAN

Full name of Chair Full name of CEO

Signature of Chair Signature of CEO

28 MARCH 2019 28 MARCH 2019

Date Date

PARALYMPICS NEW ZEALAND INCORPORATED

STATEMENT OF COMPREHENSIVE REVENUE AND EXPENSES FOR THE 18 MONTHS ENDED 31 DECEMBER 2018

NOTE 18 MONTHS ENDED

31 DECEMBER 2018

12 MONTHS ENDED

30 JUNE 2017 (RESTATED)

$ $

REVENUE FROM NON-EXCHANGE TRANSACTIONS

Fundraising 184,646 701,722

Donations 128,933 198,015

Government Grants 5 3,818,867 2,105,495

Other Grants 5 452,979 274,690

Legacy 5 1,341,122 0

5,926,547 3,279,922

REVENUE FROM EXCHANGE TRANSACTIONS

Membership Fees 8,504 7,550

Sponsorship Income 751,315 429,310

Interest Received 63,517 38,435

Dividends 730 345

Other Income 22,182 1,012

846,248 476,652

TOTAL REVENUE 6,772,795 3,756,574

EXPENSES

Administration Expenses 119,582 126,204

Employee Related Costs 997,521 816,477

Depreciation 25,128 16,230

Governance 45,323 40,639

Occupancy 157,964 111,318

Grants & Performance Funding Expenses 3,732,767 2,513,565

Functions and Events 1,240 1,964

Fees & Consultants 41,933 108,692

Commercial & Fund Raising Expenses 232,644 235,169

Legacy Distributions 45,993 48,607

TOTAL EXPENSES 5,400,095 4,018,865

TOTAL SURPLUS/(DEFICIT) FOR THE PERIOD 1,372,700 (262,291)

Other Comprehensive Revenue and Expenses 0 0

Total Comprehensive Revenue and Expenses 0 0

Total Comprehensive Revenue and Expenses for the Period 1,372,700 (262,291)

The Notes to the Financial Statements form part of these statements.

Paralympics New Zealand ANNUAL REPORT 2018 3332

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PARALYMPICS NEW ZEALAND INCORPORATED

STATEMENT OF CHANGES IN NET ASSETS FOR THE 18 MONTHS ENDED 31 DECEMBER 2018

NOTE ACCUMULATED COMPREHENSIVE

REVENUE & EXPENSES

NOTE 3.12 SPECIAL

PROJECTS RESERVE

TOTAL EQUITY

$ $

RESTATED OPENING BALANCE 1 JULY 2017 209,150 1,035,558 1,244,708

Total comprehensive revenue and expenses for the 18 month period

1,372,700 0 1,372,700

CLOSING NET ASSETS 31 DECEMBER 2018 1,581,850 1,035,558 2,617,408

OPENING BALANCE 1 JULY 2016 471,441 1,035,558 1,506,999

Total comprehensive revenue and expenses for the year - as restated

17 (262,291) 0 (262,291)

RESTATED CLOSING NET ASSETS 30 JUNE 2017 209,150 1,035,558 1,244,708

PARALYMPICS NEW ZEALAND INCORPORATED

STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2018

NOTE 18 MONTHS ENDED

31 DECEMBER 2018

12 MONTHS ENDED

30 JUNE 2017 (RESTATED)

$ $

CURRENT ASSETS

Cash and equivalents 6 1,018,836 877,720

Investments 7 1,960,330 509,059

Receivables from exchange transactions 0 0

Receivables from non-exchange transactions 101,194 277,217

Prepayments 59,236 26,106

Other assets 0 27,646

3,139,596 1,717,748

NON-CURRENT ASSETS

Investments 7 0 0

Property plant & equipment 8 36,164 28,113

36,164 28,113

TOTAL ASSETS 3,175,760 1,745,861

CURRENT LIABILITIES

Trade payables (from exchange transactions) and other creditors 140,824 331,145

Finance Lease 16,188 0

Employee entitlements 55,935 31,777

Income in advance 147,061 56,877

Special Purpose Funds 9 198,344 81,354

558,352 501,153

TOTAL LIABILITIES 558,352 501,153

NET ASSETS 2,617,408 1,244,708

EQUITY

Accumulated comprehensive revenue and expenses 1,581,850 209,150

Special Projects Reserves 1,035,558 1,035,558

TOTAL NET ASSETS / EQUITY 2,617,408 1,244,708

The Notes to the Financial Statements form part of these statements.The Notes to the Financial Statements form part of these statements.

Paralympics New Zealand ANNUAL REPORT 2018 3534

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PARALYMPICS NEW ZEALAND INCORPORATED

NOTES TO THE ACCOUNTS FOR THE 18 MONTHS ENDED 31 DECEMBER 2018

1. REPORTING ENTITY

The reporting entity is Paralympics New Zealand Incorporated (PNZ), an Incorporated Society and a Charitable Organisation registered under the Incorporated Societies Act 1908 and the Charities Act 2005.

During 2018 PNZ was approved to change their balance date from 30 June to 31 December to better align the financial year with PNZ’s operations. The financial statements are presented for the eighteen months ended 31 December 2018. The comparative financial statements are for the year to 30 June 2017.

The financial statements and the accompanying notes summarise the financial results of activities carried out by PNZ. PNZ provides High Performance sports programme implementation and is the National Sports Organisation for Paralympic sports within New Zealand.

The financial statements have been approved and were authorised for issue by the Board of Trustees on the date specified on Page 32.

2. STATEMENT OF COMPLIANCE

The financial statements have been prepared in accordance with Generally Accepted Accounting Practice in New Zealand (‘'NZ GAAP"). They comply with Public Benefit Entity Standards Reduced Disclosure Regime and other applicable financial reporting standards as appropriate that have been authorised for use by the External Reporting Board for Not for Profit entities. For the purpose of complying with NZ GAAP, the entity is a public benefit entity and is eligible to apply Tier 2 PBE Standards on the basis that it does not have public accountability and is not defined as large.

The Board of Trustees has elected to report in accordance with Tier 2 PBE Standards and in doing so has taken advantage of all applicable Reduced Disclosure Regime (“RDR") disclosure concessions.

3. SUMMARY OF ACCOUNTING POLICIES

The significant accounting policies used in the preparation of these financial statements as set out below have been applied consistently to both periods presented in these financial statements.

3.1 BASIS OF MEASUREMENT

These financial statements have been prepared on the basis of historical cost.

3.2 FUNCTIONAL & PRESENTATION CURRENCY

The financial statements are presented in New Zealand dollars ($), which is the entity’s functional currency. All financial information presented in New Zealand dollars has been rounded to the nearest dollar.

PARALYMPICS NEW ZEALAND INCORPORATED

CASH FLOW STATEMENT FOR THE 18 MONTHS ENDED 31 DECEMBER 2018

NOTE 18 MONTHS ENDED

31 DECEMBER 2018

12 MONTHS ENDED

30 JUNE 2017

$ $

CASH FLOWS FROM OPERATING ACTIVITIES

Receipts from Government Grants 3,879,665 2,099,914

Receipts from Fundraising 140,827 495,688

Receipts from Sponsorship 907,953 256,248

Receipts from Donations 22,216 198,015

Receipts from Membership Fees 8,505 7,550

Receipts from other grants and other income 640,916 273,596

Receipt from Bequest Grant 1,341,122 0

Goods and Services Tax (109,517) 68,685

Interest and Dividend Received 60,432 38,780

Interest Paid 0 0

Payments to Employees (1,512,703) (1,300,141)

Payments to Suppliers (3,768,860) (2,538,963)

NET CASH FLOWS FROM OPERATING ACTIVITIES 1,610,556 (400,628)

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of property plant & equipment 8 (34,357) (9,114)

Purchase of Investments 7 (1,451,271) 1,037,289

NET CASH FLOWS FROM INVESTING ACTIVITIES (1,485,628) 1,028,175

CASH FLOWS FROM FINANCING ACTIVITIES

Finance Lease 16,188 0

Repayment of Lease 0 0

NET CASH FLOWS FROM FINANCING ACTIVITIES 16,188 0

Net Increase in Cash & Cash Equivalents 141,116 627,547

Cash & Cash Equivalents at 1 July 6 877,720 250,173

CASH & CASH EQUIVALENTS AT THE END OF THE PERIOD 6 1,018,836 877,720

The Notes to the Financial Statements form part of these statements.The Notes to the Financial Statements form part of these statements.

Paralympics New Zealand ANNUAL REPORT 2018 3736

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PARALYMPICS NEW ZEALAND INCORPORATED PARALYMPICS NEW ZEALAND INCORPORATED

NOTES TO THE ACCOUNTS FOR THE 18 MONTHS ENDED 31 DECEMBER 2018

3.3 REVENUE

Revenue is recognised to the extent that it is probable that the economic benefit will flow to the entity and revenue can be reliably measured. Revenue is measured at the fair value of the consideration received. The following specific recognition criteria must be met before revenue is recognised.

Revenue from non-exchange transactions

Donations

Donations are recognised as revenue upon receipt and include donations from the general public, donations received for specific programme or services or donations in-kind. Donations in-kind include donations received for services and volunteer time and are recognised in revenue and expense when the service or good is received. Donations in-kind are measured at their fair value as at the date of acquisition, ascertained by reference to the cost that would be otherwise incurred by PNZ.

Grant revenue

Grant revenue includes grants given by the Government via Sport NZ and other charitable organisations, philanthropic organisations and businesses. Grant revenue is recognised when the conditions attached to the grant have been complied with. Where there are unfulfilled conditions attaching to the grant, the amount relating to the unfulfilled condition is recognised as a liability and released to revenue as the conditions are fulfilled.

If there are no conditions attached to the Grant, it is recognised when the money is received.

Fundraising revenue

Fundraising revenue includes donations given to the organisation. Fundraising revenue is recognised when the cash is received. As there are no conditions attached to the revenue, the funds are recognized as revenue immediately on receipt.

Revenue from exchange transactions

Membership Fees

Subscriptions received from members are billed annually after the AGM and recognised as revenue.

Sponsorship Income

Sponsorship revenue includes revenue from partnership agreements in exchange for access to commercial rights and benefits. The revenue received from Sponsorship contracts is allocated over the term of the contract. Where sponsorship relates to a particular event, the revenue is recognised when the event occurs.

Interest and dividend income

Interest revenue is recognised as it accrues, using the effective interest method. Dividend income is recognised when the dividend is declared.

NOTES TO THE ACCOUNTS FOR THE 18 MONTHS ENDED 31 DECEMBER 2018

3.4 FINANCIAL INSTRUMENTS

Financial assets and financial liabilities are recognised when PNZ becomes a party to the contractual provisions of the financial instrument.

Financial assets

Financial assets within the scope of PBE IPSAS 29 Financial Instruments: Recognition and Measurement are classified as financial assets at fair value through surplus or deficit, loans and receivables, held-to-maturity investments or available-for-sale financial assets. The classifications of the financial assets are determined at initial recognition.

The categorisation determines subsequent measurement and whether any resulting income and expense is recognised in surplus or deficit or in other comprehensive revenue and expenses. PNZ financial assets are classified as either financial assets at fair value through surplus or deficit, or loans and receivables. PNZ financial assets include: cash and cash equivalents, short-term investments, receivables from non-exchange transactions, receivables from exchange transactions.

Receivables

Receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. After initial recognition, these are measured at amortised cost using the effective interest method, less any allowance for impairment. PNZ cash and cash equivalents, short-term investments, receivables from non-exchange transactions and receivables from exchange transactions fall into this category of financial instruments.

Financial liabilities

Financial liabilities include trade and other creditors (excluding GST and PAYE), employee entitlements, loans and borrowings and deferred income (in respect to grants whose conditions are yet to be complied with).

All financial liabilities are initially recognised at fair value (plus transaction cost for financial liabilities not at fair value through surplus or deficit) and are measured subsequently at amortised cost using the effective interest method except for financial liabilities at fair value through surplus or deficit.

3.5 CASH & CASH EQUIVALENTS

Cash & cash equivalents are short term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

3.6 INVESTMENTS

Short term investments comprise term deposits which have a term of between 90 days and twelve months and do not fall into the category of cash and cash equivalents.

Long term investments comprise term deposits which have a term of twelve months or more.

3.7 PROPERTY PLANT & EQUIPMENT

Property plant & equipmentPlant & equipment are measured at cost less accumulated depreciation and impairment loss. When the asset is acquired through a non-exchange transaction, the cost is measured at its fair value at date of acquisition.

Depreciation is charged on a straight line basis over the useful life of the asset.

Office Furniture & Equipment 12% - 50 % DV, 20% SLComputer Equipment 48% DVSports Equipment 39% - 48% DVSoftware 40% DV

The Notes to the Financial Statements form part of these statements.The Notes to the Financial Statements form part of these statements.

Paralympics New Zealand ANNUAL REPORT 2018 3938

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PARALYMPICS NEW ZEALAND INCORPORATED PARALYMPICS NEW ZEALAND INCORPORATED

NOTES TO THE ACCOUNTS FOR THE 18 MONTHS ENDED 31 DECEMBER 2018

3.8 LEASES

Payments on operating lease agreements, where the lessor retains all of the risks and rewards of ownership of an asset, are recognised on a straight line basis over the lease term.

3.9 EMPLOYEE BENEFITS

Liabilities for salaries and annual leave are recognised in surplus or deficit during the period in which the employee provided the related services. Liabilities are measured at the amounts expected to be paid when the liabilities are settled.

3.10 INCOME TAX

Due to its charitable nature, PNZ is exempt from income tax.

3.11 GOODS & SERVICES TAX

These financial statements are prepared net of the amount of GST except for receivables and payables, which are stated with the amount of GST included.

The net amount of GST recoverable from or payable to the Inland Revenue Department is included as part of receivables or payables in the statement of financial position.

3.12 EQUITY

Equity is the community's interest in PNZ, measured as the difference between total assets and liabilities. Equity includes the following components.

Special Projects Reserves

This is a restricted equity reserve created by PNZ for the purpose of financing special projects. The use of these funds is restricted to the specific purpose of the projects as determined by the Board for one off events.

4. SIGNIFICANT ACCOUNTING JUDGEMENTS, ESTIMATES AND ASSUMPTIONS

Judgements

In the process of applying the PNZ accounting policies, management has made the following judgements, which have the most significant effect on the amounts recognised in the financial statements.

Useful lives

The useful lives and residual values of assets are assessed using the condition and nature to determine potential future use and value from disposal.

NOTES TO THE ACCOUNTS FOR THE 18 MONTHS ENDED 31 DECEMBER 2018

5. REVENUE FROM NON-EXCHANGE TRANSACTIONS

Grants 2018 2017 (RESTATED)

HPSNZ 3,818,867 2,105,495

Government Grants 3,818,867 2,105,495

Sport New Zealand 29,500 15,000

The Lion Foundation 50,000 50,000

New Zealand Racing Board 20,000 40,000

NZCT 182,939 100,000

Pelorus Trust 3,200 0

Pub Charity 40,000 40,000

Trusts Community Foundation 20,000 0

Four Winds Foundation 14,000 0

Trillian Trust (13) 3,690

First Sovereign 21,660 6,000

NZ Lottery Grants Board 18,000 0

North & South Trust 10,193 0

Stevenson Village Trust 30,000 0

Mt Wellington Foundation Ltd 2,500 0

Blue Sky Community Trust 1,000 0

Southern Trust 10,000 20,000

Other Grants 452,979 274,690

Ruth Howie 1,326,843 0

Beth Donald Trust 14,279 0

Legacy 1,341,122 0

6. CASH & CASH EQUIVALENTS

Cash & Cash equivalents include the following components:

2018 2017

Cash and Deposits

ASB Cheque Account 84,524 20,291

ASB Call Accounts 710,904 812,512

ANZ (National) Bank Account 210,727 31,309

Petty Cash 889 455

Cash Passports & Travelcard 4,387 8,747

IPC Escrow Account 7,405 4,406

Total cash & cash equivalents 1,018,836 877,720

Paralympics New Zealand ANNUAL REPORT 2018 4140

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PARALYMPICS NEW ZEALAND INCORPORATED PARALYMPICS NEW ZEALAND INCORPORATED

NOTES TO THE ACCOUNTS FOR THE 18 MONTHS ENDED 31 DECEMBER 2018

7. INVESTMENTS

2018 2017

Short term deposits (between 3 and 12 months) 1,960,330 509,059

Long term deposits (over 12 months) 0 0

Total Investments 1,960,330 509,059

8. PROPERTY PLANT & EQUIPMENT

2018 LEASEHOLD

OFFICE FURNITURE &

EQUIPMENTCOMPUTER

EQUIPMENTSPORTS

EQUIPMENT SOFTWARE TOTAL

Cost 1,635 56,633 15,001 5,076 29,880 108,225

Opening Accumulated Depreciation

(377) (30,033) (4,647) (4,957) (8,340) (48,354)

Depreciation (747) (5,491) (6,234) (71) (11,164) (23,707)

511 21,109 4,120 48 10,376 36,164

2017 LEASEHOLD

OFFICE FURNITURE &

EQUIPMENTCOMPUTER

EQUIPMENTSPORTS

EQUIPMENT SOFTWARE TOTAL

Cost 1,635 56,692 81,686 43,229 28,970 212,212

Opening Accumulated Depreciation

(50,940) (65,998) (42,983) (7,948) (167,869)

Depreciation (377) (1,495) (5,848) (101) (8,409) (16,230)

1,258 4,257 9,840 145 12,613 28,113

Reconciliation of the carrying amount at the beginning and end of the period:

2018 2017

Opening net book value 28,113 35,621

Additions 34,358 9,114

Disposals (2,600) (392)

Depreciation (23,707) (16,230)

Closing net book value 36,164 28,113

NOTES TO THE ACCOUNTS FOR THE 18 MONTHS ENDED 31 DECEMBER 2018

9. SPECIAL PURPOSE FUNDS

Special Purpose Funds as shown under Current Liabilities, include various grants and donations that are intended for specific purposes, but are unspent at balance date.

2018 2017 (RESTATED)

Special Purpose Funds

Prime Minister’s Scholarships 35,852 8,004

HPSNZ PEGs 60,301 70,020

Other 102,191 3,330

198,344 81,354

10. LEASES

During the period office rental and other lease expenses totalled $111,399 and $17,645 respectively (2017 $57,633 and $61,546).

As at the reporting date, the Board of Trustees has entered into the following non-cancellable operating leases.

Operating Lease commitments in respect of the organisation's office rentals are as follows:

2018 2017

Not longer than one year 78,927 91,565

Later than one year but not longer than five years 124,583 70,533

203,510 162,098

Paralympics New Zealand ANNUAL REPORT 2018 4342

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PARALYMPICS NEW ZEALAND INCORPORATED PARALYMPICS NEW ZEALAND INCORPORATED

NOTES TO THE ACCOUNTS FOR THE 18 MONTHS ENDED 31 DECEMBER 2018

12. CATEGORIES OF FINANCIAL ASSETS AND LIABILITIES

The carrying amount of financial instruments presented in the statement of financial position relate to the following categories of assets and liabilities

2018 2017

Financial Assets

Loans & Receivables

Cash & cash equivalents 1,018,836 877,720

Short Term investments 1,960,330 509,059

Receivables from exchange transactions 0 220,926

Receivables from non-exchange transactions 101,194 56,291

Prepayments - non exchange 59,236 26,106

  3,139,596 1,690,102

Financial Liabilities

At amortised cost

Trade & other creditors 157,012 331,145

Employee entitlements' 55,935 31,777

High Performance Funding 96,153 81,354

Deferred Income 249,252 56,877

558,352 501,153

13. CAPITAL COMMITMENTS

There were no capital commitments at the reporting date (2017: $ Nil)

14. CONTINGENT ASSETS & LIABILITIES

There were no contingent assets or liabilities at the reporting date (2017: $ Nil)

NOTES TO THE ACCOUNTS FOR THE 18 MONTHS ENDED 31 DECEMBER 2018

11. VALUE IN KIND

Where possible non-cash sponsorships are recognised in these financial statements. Contra income is

valued at the equivalent market rate for services of this nature.

Non cash sponsorships received for the entity during the period are recognised in fundraising income and consisted of:

2018 2017

Blue Star Group 27,578 18,000

Simpson Grierson 33,979 30,000

Adecco NZ 90,000 103,543

Ace Payroll 1,620 1,620

Cibo Restaurant 0 1,087

Charlies 0 1,304

Copthorne Hotel 0 3,108

Easter Show 0 1,043

Factory Frames 220 1,087

NZ National Fieldays 0 2,174

Gordon Harris 0 0

Harvey Norman New Zealand 0 6,261

Maersk New Zealand and Oceanbridge Shipping 25,000 0

MC Services 0 3,304

Sanford Limited 350 0

Other food and accommodation providers 0 3,500

Pegasus Bay 0 6,057

Revbox 0 9,066

Rotary New Zealand 0 5,304

The Hills Golf Course 0 1,913

Venue Hires 0 7,662

Smartpay 258 0

TVNZ 3,000 0

  182,005 206,033

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PARALYMPICS NEW ZEALAND INCORPORATED

THE POWER OF BEING UNDERSTOOD AUDIT | TAX | CONSULTING RSM Hayes Audit is a member of the RSM network and trades as RSM. RSM is the trading name used by the members of the RSM network. Each member of the RSM network is an independent accounting and consulting firm which practises in its own right. The RSM network is not itself a separate legal entity in any jurisdiction.

Independent Auditor’s Report To members of Paralympics New Zealand Incorporated

RSM Hayes Audit

Newmarket, Auckland 1149 Level 1, 1 Broadway

Newmarket, Auckland 1023 +64 (9) 367 1656 www.rsmnz.co.nz

Opinion

We have audited the financial statements of Paralympics New Zealand Incorporated, which comprise:

- the statement of financial position as at 31 December 2018;

- the statement of comprehensive revenue and expenses for the 18 month period then ended;

- the statement of changes in net assets for the 18 month period then ended;

- the cashflow statement for the 18 month period then ended; and

- the notes to the financial statements, which include significant accounting policies.

In our opinion, the accompanying financial statements on pages 33 to 46 present fairly, in all material respects, the financial position of Paralympics New Zealand Incorporated as at 31 December 2018, and its financial performance and its cash flows for the 18 month period then ended in accordance with Public Benefit Entity Standards Reduced Disclosure Regime issued by the New Zealand Accounting Standards Board.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (New Zealand) (ISAs (NZ)). Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report.

We are independent of the entity in accordance with Professional and Ethical Standard 1 (Revised) Code of Ethics for Assurance Practitioners issued by the New Zealand Auditing and Assurance Standards Board, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Other than in our capacity as auditor we have no relationship with, or interests in, the Paralympics New Zealand Incorporated.

Other information

The members of the governing body are responsible for the other information. The other information comprises the annual report pages 2 to 32 (but does not include the financial statements and our auditor’s report thereon), which we obtained prior to the date of this auditor’s report. Our opinion on the financial statements does not cover the other information and we do not express any form of audit opinion or assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information identified above and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated.

THE POWER OF BEING UNDERSTOOD AUDIT | TAX | CONSULTING RSM Hayes Audit is a member of the RSM network and trades as RSM. RSM is the trading name used by the members of the RSM network. Each member of the RSM network is an independent accounting and consulting firm which practises in its own right. The RSM network is not itself a separate legal entity in any jurisdiction.

Independent Auditor’s Report To members of Paralympics New Zealand Incorporated

RSM Hayes Audit

Newmarket, Auckland 1149 Level 1, 1 Broadway

Newmarket, Auckland 1023 +64 (9) 367 1656 www.rsmnz.co.nz

Opinion

We have audited the financial statements of Paralympics New Zealand Incorporated, which comprise:

- the statement of financial position as at 31 December 2018;

- the statement of comprehensive revenue and expenses for the 18 month period then ended;

- the statement of changes in net assets for the 18 month period then ended;

- the cashflow statement for the 18 month period then ended; and

- the notes to the financial statements, which include significant accounting policies.

In our opinion, the accompanying financial statements on pages 33 to 46 present fairly, in all material respects, the financial position of Paralympics New Zealand Incorporated as at 31 December 2018, and its financial performance and its cash flows for the 18 month period then ended in accordance with Public Benefit Entity Standards Reduced Disclosure Regime issued by the New Zealand Accounting Standards Board.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (New Zealand) (ISAs (NZ)). Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report.

We are independent of the entity in accordance with Professional and Ethical Standard 1 (Revised) Code of Ethics for Assurance Practitioners issued by the New Zealand Auditing and Assurance Standards Board, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Other than in our capacity as auditor we have no relationship with, or interests in, the Paralympics New Zealand Incorporated.

Other information

The members of the governing body are responsible for the other information. The other information comprises the annual report pages 2 to 32 (but does not include the financial statements and our auditor’s report thereon), which we obtained prior to the date of this auditor’s report. Our opinion on the financial statements does not cover the other information and we do not express any form of audit opinion or assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information identified above and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated.

THE POWER OF BEING UNDERSTOOD AUDIT | TAX | CONSULTING RSM Hayes Audit is a member of the RSM network and trades as RSM. RSM is the trading name used by the members of the RSM network. Each member of the RSM network is an independent accounting and consulting firm which practises in its own right. The RSM network is not itself a separate legal entity in any jurisdiction.

Independent Auditor’s Report To members of Paralympics New Zealand Incorporated

RSM Hayes Audit

Newmarket, Auckland 1149 Level 1, 1 Broadway

Newmarket, Auckland 1023 +64 (9) 367 1656 www.rsmnz.co.nz

Opinion

We have audited the financial statements of Paralympics New Zealand Incorporated, which comprise:

- the statement of financial position as at 31 December 2018;

- the statement of comprehensive revenue and expenses for the 18 month period then ended;

- the statement of changes in net assets for the 18 month period then ended;

- the cashflow statement for the 18 month period then ended; and

- the notes to the financial statements, which include significant accounting policies.

In our opinion, the accompanying financial statements on pages 33 to 46 present fairly, in all material respects, the financial position of Paralympics New Zealand Incorporated as at 31 December 2018, and its financial performance and its cash flows for the 18 month period then ended in accordance with Public Benefit Entity Standards Reduced Disclosure Regime issued by the New Zealand Accounting Standards Board.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (New Zealand) (ISAs (NZ)). Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report.

We are independent of the entity in accordance with Professional and Ethical Standard 1 (Revised) Code of Ethics for Assurance Practitioners issued by the New Zealand Auditing and Assurance Standards Board, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Other than in our capacity as auditor we have no relationship with, or interests in, the Paralympics New Zealand Incorporated.

Other information

The members of the governing body are responsible for the other information. The other information comprises the annual report pages 2 to 32 (but does not include the financial statements and our auditor’s report thereon), which we obtained prior to the date of this auditor’s report. Our opinion on the financial statements does not cover the other information and we do not express any form of audit opinion or assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information identified above and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated.

THE POWER OF BEING UNDERSTOOD AUDIT | TAX | CONSULTING RSM Hayes Audit is a member of the RSM network and trades as RSM. RSM is the trading name used by the members of the RSM network. Each member of the RSM network is an independent accounting and consulting firm which practises in its own right. The RSM network is not itself a separate legal entity in any jurisdiction.

Independent Auditor’s Report To members of Paralympics New Zealand Incorporated

RSM Hayes Audit

Newmarket, Auckland 1149 Level 1, 1 Broadway

Newmarket, Auckland 1023 +64 (9) 367 1656 www.rsmnz.co.nz

Opinion

We have audited the financial statements of Paralympics New Zealand Incorporated, which comprise:

- the statement of financial position as at 31 December 2018;

- the statement of comprehensive revenue and expenses for the 18 month period then ended;

- the statement of changes in net assets for the 18 month period then ended;

- the cashflow statement for the 18 month period then ended; and

- the notes to the financial statements, which include significant accounting policies.

In our opinion, the accompanying financial statements on pages 33 to 46 present fairly, in all material respects, the financial position of Paralympics New Zealand Incorporated as at 31 December 2018, and its financial performance and its cash flows for the 18 month period then ended in accordance with Public Benefit Entity Standards Reduced Disclosure Regime issued by the New Zealand Accounting Standards Board.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (New Zealand) (ISAs (NZ)). Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report.

We are independent of the entity in accordance with Professional and Ethical Standard 1 (Revised) Code of Ethics for Assurance Practitioners issued by the New Zealand Auditing and Assurance Standards Board, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Other than in our capacity as auditor we have no relationship with, or interests in, the Paralympics New Zealand Incorporated.

Other information

The members of the governing body are responsible for the other information. The other information comprises the annual report pages 2 to 32 (but does not include the financial statements and our auditor’s report thereon), which we obtained prior to the date of this auditor’s report. Our opinion on the financial statements does not cover the other information and we do not express any form of audit opinion or assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information identified above and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated.

NOTES TO THE ACCOUNTS FOR THE 18 MONTHS ENDED 31 DECEMBER 2018

15. RELATED PARTY NOTE

Board of Trustees

A number of Board of Trustees have donated professional services in their non-trustee business capacities and in relation to other organisations in which they represent to the organisation at nil value.

PNZ records its appreciation for these donated services.

Key Management Personnel

The key management personnel are classified as:

• the members of the Board of Trustees

• Executive Officers, responsible for reporting to the Board of Trustees

Members of the Board of Trustees are not paid an annual fee other than the Chair, who is paid an honorarium.

Executive Officers including the Chief Executive are employed as employees on normal employment terms.

The aggregate level of remuneration paid and the number of persons (measured in “people” for members of the governing body and “full-time equivalents (FTE’s) for Executive Officers including the Chief Executive in each class of key management personnel is presented below:

2018 – 18 MONTHS 2017 – 12 MONTHS

Remuneration FTE’s Remuneration FTE’s

Board of Trustees $ 18,180 0.12 $ 22,071 0.30

Executive Officers $903,984 4.88 $603,785 4.88

16. EVENTS AFTER THE REPORTING DATE

The Board of Trustees and Executive Officers are not aware of any other matters or circumstances since the end of the reporting period, not otherwise dealt with in these financial statements that have significantly or may significantly affect the operations of PNZ.

17. RETROSPECTIVE RESTATEMENT OF ERRORS

During 2018, PNZ discovered an amount of grant revenue that had previously been recognised as income in advance that should have been recognised as revenue on receipt due to lack of an enforceable use or return condition. As a result, an amount of $183,840 which was previously recorded as income in advance has been restated to be reflected with grant revenue and the surplus for the 2017 year.

In 2017 the entity reported:

(RESTATED) 2017

AS PREVIOUSLY

REPORTED

$ $

Grant revenue 2,105,495 1,921,655

Other operating revenue 1,651,079 1,651,079

Total revenue 3,756,574 3,572,734

Expenses (4,018,865) (4,018,865)

Total comprehensive revenue and expenses (262,291) (446,131)

Transfers that were made between reserves in the previous year as a result of the loss previously reported have also been reversed with no impact on overall equity balance. The Board of Trustees has also resolved to longer separately disclose a designated funds reserve. Funds previously recorded under this reserve have been transferred into Accumulated Comprehensive Revenue and Expenses.

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45

If, based on the work we have performed on the other information that we obtained prior to the date of this auditor’s report, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Responsibilities of the Trustees for the financial statements

The Board of Trustees are responsible, on behalf of Paralympics New Zealand Incorporated, for the preparation and fair presentation of the financial statements in accordance with Public Benefit Entity Standards Reduced Disclosure Regime, and for such internal control as those charged with governance determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible, on behalf of the entity, for assessing the Paralympics New Zealand Incorporated’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the members of the governing body either intend to liquidate the entity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (NZ) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the decisions of users taken on the basis of these financial statements. A further description of the auditor’s responsibilities for the audit of the financial statements is located at the XRB’s website at:

https://xrb.govt.nz/Site/Auditing_Assurance_Standards/Current_Standards/Page8.aspx

Who we report to

This report is made solely to the members, as a body. Our audit has been undertaken so that we might state to the members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the entity and the members as a body, for our work, for this report, or for the opinions we have formed.

RSM Hayes Audit 28 March 2019 Auckland

PyeongChang 2018 Paralympian Corey Peters

Photo Credit: Getty ImagesTHE POWER OF BEING UNDERSTOOD AUDIT | TAX | CONSULTING RSM Hayes Audit is a member of the RSM network and trades as RSM. RSM is the trading name used by the members of the RSM network. Each member of the RSM network is an independent accounting and consulting firm which practises in its own right. The RSM network is not itself a separate legal entity in any jurisdiction.

Independent Auditor’s Report To members of Paralympics New Zealand Incorporated

RSM Hayes Audit

Newmarket, Auckland 1149 Level 1, 1 Broadway

Newmarket, Auckland 1023 +64 (9) 367 1656 www.rsmnz.co.nz

Opinion

We have audited the financial statements of Paralympics New Zealand Incorporated, which comprise:

- the statement of financial position as at 31 December 2018;

- the statement of comprehensive revenue and expenses for the 18 month period then ended;

- the statement of changes in net assets for the 18 month period then ended;

- the cashflow statement for the 18 month period then ended; and

- the notes to the financial statements, which include significant accounting policies.

In our opinion, the accompanying financial statements on pages 33 to 46 present fairly, in all material respects, the financial position of Paralympics New Zealand Incorporated as at 31 December 2018, and its financial performance and its cash flows for the 18 month period then ended in accordance with Public Benefit Entity Standards Reduced Disclosure Regime issued by the New Zealand Accounting Standards Board.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (New Zealand) (ISAs (NZ)). Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report.

We are independent of the entity in accordance with Professional and Ethical Standard 1 (Revised) Code of Ethics for Assurance Practitioners issued by the New Zealand Auditing and Assurance Standards Board, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Other than in our capacity as auditor we have no relationship with, or interests in, the Paralympics New Zealand Incorporated.

Other information

The members of the governing body are responsible for the other information. The other information comprises the annual report pages 2 to 32 (but does not include the financial statements and our auditor’s report thereon), which we obtained prior to the date of this auditor’s report. Our opinion on the financial statements does not cover the other information and we do not express any form of audit opinion or assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information identified above and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated.

Paralympics New Zealand ANNUAL REPORT 2018 4948

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NOTESNOTES

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HEADING HEADING HEADING HEADING

Photo Credit: Getty Images

New Zealand PyeongChang 2018 Paralympic Winter Games Team

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P +64 9 526 0760 | E [email protected] | W www.paralympics.org.nz

Suite 2.10, Axis Building, 1 Cleveland Road, Parnell, Auckland 1052, New Zealand

PARALYMPICS NEW ZEALAND GRATEFULLY ACKNOWLEDGES

THE SUPPORT AND GENEROSITY OF OUR PARTNERS.

Major Partners

Official Partners

Insurance

Community Partners

Official Suppliers